7.
Earnings Per Share
The
reconciliation of basic and diluted earnings per share on
common stock for the 13 and 39 weeks ended 2012 and 2011
follows (in millions of dollars except per share
data):
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13
Weeks Ended
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39
Weeks Ended
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2012
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2011
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2012
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2011
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Earnings
from continuing operations
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$
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16.6
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$
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19.7
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$
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40.8
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$
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40.8
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Less:
Earnings allocated to participating securities
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(0.5
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)
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(0.5
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)
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(1.1
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)
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(0.9
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)
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Earnings
from continuing operations available to common
shareholders
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$
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16.1
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$
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19.2
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$
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39.7
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$
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39.9
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Earnings
(loss) from discontinued operations
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$
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-
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$
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-
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$
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0.4
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$
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(1.2
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)
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Less:
Earnings (loss) allocated to participating
securities
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-
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-
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-
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-
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Earnings
(loss) from discontinued operations available to
common
shareholders
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$
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-
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$
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-
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$
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0.4
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$
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(1.2
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)
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Net
Earnings
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$
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16.6
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$
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19.7
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$
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41.2
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$
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39.6
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Less:
Earnings allocated to participating securities
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(0.5
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)
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(0.5
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)
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(1.1
|
)
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(0.9
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)
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Net
Earnings available to common shareholders
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$
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16.1
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$
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19.2
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$
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40.1
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$
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38.7
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Basic
earnings (loss) per share on common stock:
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Earnings
from continuing operations
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$
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0.43
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$
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0.52
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$
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1.07
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$
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1.09
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Earnings
(loss) from discontinued operations
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$
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-
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$
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-
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$
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0.01
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$
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(0.03
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)
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Net
earnings
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$
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0.43
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$
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0.52
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$
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1.09
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$
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1.05
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Diluted
earnings (loss) per share on common stock:
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|
|
|
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|
Earnings
from continuing operations
|
|
$
|
0.43
|
|
|
$
|
0.52
|
|
|
$
|
1.07
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|
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$
|
1.09
|
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|
Earnings
(loss) from discontinued operations
|
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$
|
-
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$
|
-
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$
|
0.01
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|
|
$
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(0.03
|
)
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Net
earnings
|
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$
|
0.43
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$
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0.52
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$
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1.09
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$
|
1.05
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Average
common shares outstanding (millions)
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Basic
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37.1
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36.8
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37.0
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36.8
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Diluted
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37.1
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36.8
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37.0
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36.8
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Stock
options
representing 0.4 million and 0.6 million shares,
respectively, for the 13 weeks ended 2012 and 2011, and 0.4
million and 0.6 million shares, respectively, for the 39
weeks ended 2012 and 2011 were excluded from the computation
of diluted earnings per share due to their anti-dilutive
effect.
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